Mutual Advisors LLC Sells 1,246 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Mutual Advisors LLC cut its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 45.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,469 shares of the company's stock after selling 1,246 shares during the quarter. Mutual Advisors LLC's holdings in Royal Caribbean Cruises were worth $311,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Teacher Retirement System of Texas boosted its stake in Royal Caribbean Cruises by 2,050.1% in the first quarter. Teacher Retirement System of Texas now owns 49,195 shares of the company's stock valued at $10,107,000 after acquiring an additional 46,907 shares during the last quarter. Revisor Wealth Management LLC bought a new stake in shares of Royal Caribbean Cruises in the first quarter valued at approximately $1,525,000. Compound Global Advisors LLC raised its position in shares of Royal Caribbean Cruises by 51.6% in the first quarter. Compound Global Advisors LLC now owns 1,516 shares of the company's stock valued at $288,000 after purchasing an additional 516 shares during the period. Aaron Wealth Advisors LLC raised its position in shares of Royal Caribbean Cruises by 2.8% in the first quarter. Aaron Wealth Advisors LLC now owns 2,170 shares of the company's stock valued at $446,000 after purchasing an additional 59 shares during the period. Finally, FSM Wealth Advisors LLC raised its position in shares of Royal Caribbean Cruises by 6.4% in the first quarter. FSM Wealth Advisors LLC now owns 1,508 shares of the company's stock valued at $310,000 after purchasing an additional 91 shares during the period. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Royal Caribbean Cruises

In other news, Director Richard D. Fain sold 19,600 shares of Royal Caribbean Cruises stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $253.10, for a total value of $4,960,760.00. Following the completion of the sale, the director directly owned 165,421 shares in the company, valued at $41,868,055.10. The trade was a 10.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 6.95% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Loop Capital reaffirmed a "buy" rating and set a $290.00 target price (up previously from $250.00) on shares of Royal Caribbean Cruises in a report on Tuesday, June 3rd. Melius Research raised shares of Royal Caribbean Cruises to a "strong-buy" rating in a research note on Monday, April 21st. Truist Financial boosted their price target on shares of Royal Caribbean Cruises from $272.00 to $275.00 and gave the stock a "buy" rating in a research note on Monday, May 19th. Citigroup upped their price objective on shares of Royal Caribbean Cruises from $268.00 to $318.00 and gave the company a "buy" rating in a research note on Thursday, June 5th. Finally, Morgan Stanley upped their price objective on shares of Royal Caribbean Cruises from $220.00 to $230.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. Four equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Royal Caribbean Cruises has an average rating of "Moderate Buy" and a consensus target price of $293.90.

Royal Caribbean Cruises Stock Up 0.7%

Royal Caribbean Cruises stock traded up $2.42 during trading hours on Wednesday, hitting $332.62. The stock had a trading volume of 1,932,690 shares, compared to its average volume of 2,361,230. The company has a quick ratio of 0.15, a current ratio of 0.18 and a debt-to-equity ratio of 2.21. The stock has a market capitalization of $90.33 billion, a P/E ratio of 27.63, a price-to-earnings-growth ratio of 0.98 and a beta of 2.17. Royal Caribbean Cruises Ltd. has a 12-month low of $130.08 and a 12-month high of $336.63. The stock's 50-day moving average price is $265.60 and its 200-day moving average price is $240.27.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.53 by $0.18. The business had revenue of $4 billion during the quarter, compared to analysts' expectations of $4.02 billion. Royal Caribbean Cruises had a net margin of 19.38% and a return on equity of 47.89%. The business's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.77 earnings per share. Equities research analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 4th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.90%. Royal Caribbean Cruises's dividend payout ratio is presently 24.92%.

About Royal Caribbean Cruises

Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Silversea Cruises brands, which comprise a range of itineraries. As of February 21, 2024, it operated 65 ships. Royal Caribbean Cruises Ltd.